greetings and welcome to today's update of newly launched coins. The crypto projects listed are displaying their price/marketcap as of 2024-07-07
Searching for "how to buy" or looking for more information on Twitter/X or Reddit? Don't start your research until you read our review on whether this crypto is a scam or legit.
UNITS Token (UNITS)2.1BTC
TonGPU (TGPU)
SHIBXAI (SHIBXAI)7.13BTC
Peon (PEON)0.0719BTC
Music Protocol (RECORD)
MoonBag (MBAG)
Monkey Shit Inu (MSI)3.24BTC
Molly (MOLLY)9.06BTC
Max on ETH (MAXETH)2.08BTC
Leprechaun (LPC)
Koss (KOSS)0.2975BTC
Johnny The Bull (JOHNNY)0.008BTC
Heroes of memes (HOMS)3.75BTC
Hawk Tuah (HAWK)0.1036BTC
Hachiko (HACHI)
Gravity (G)
Fox (FOX)1.84BTC
BUSAI (BUSAI)
Bitcoin Cash on Base (BCHB)0.1784BTC
Zazzles (ZAZZLES)1.83BTC
XION (XION)
Winston (WINSTON)0.0205BTC
Steve (STEVE)0.5803BTC
Snolex (SNOLEX)0.0226BTC
RUTH (RUTH)0.0086BTC
REDZILLA COIN (REDZILLA)0.038BTC
PUNGU (PUNGU)0.2359BTC
PEME (PEME)0.0093BTC
Where to buy?
When studying a newly listed crypto token, there are several important factors to consider. Firstly, you should examine the project's social media outlets. This includes platforms like Twitter, Reddit, Telegram, and Discord, as these platforms are often where crypto projects share updates and engage with their community. Examine the nature of the posts and comments: are they professional and informative, or do they seem overly promotional and hype-driven? A strong, active, and engaged community can be a positive sign, but be wary of communities that seem focused only on Price speculation.
The market capitalization (market cap) of the token is another critical factor to consider. Market cap is calculated by multiplying the total supply of tokens by the current Where to Buy of each token. It provides an estimate of the total value of a cryptocurrency and is a useful tool for comparing the relative size of different cryptocurrencies. However, it's essential to remember that a high market cap doesn't necessarily mean a token is a safe investment - it merely reflects its current popularity and Price.
When analyzing a new token, it can also be helpful to look at similar tokens that have been successful in the past. For instance, if the new token is a DeFi project, you might look at the trajectories of other successful DeFi tokens like Uniswap or Chainlink. Additionally, pay close attention to the team behind the project. A team with proven experience and success in blockchain and related fields is more likely to deliver a successful project. Check their LinkedIn profiles, previous projects, and reputations within the crypto community. A transparent and credible team can significantly mitigate the risks associated with investing in a new crypto token.
In addition to the above, consider the following advice:
Whitepaper Analysis: The whitepaper is the backbone of any crypto project. It should detail the project's purpose, technology, development roadmap, and more. A poorly written or vague whitepaper might be a red flag.
Tokenomics: Grasp the token's supply model, including total supply, circulation supply, emission rate, and any token burning mechanisms. The scarcity of a token can significantly impact its Price over time.
Partnerships and Collaborations: Partnerships with well-established companies or other successful crypto projects can add credibility and provide the token with more utility.
Legal Compliance: Ensure the token complies with relevant legal regulations. Non-compliance could lead to serious issues, including potential delisting from exchanges.
Technology and Security Audit: Check if the project's smart contracts have been audited by a reputable firm. An audit reduces the risk of bugs or vulnerabilities that could be exploited.
Avoid FOMO: Resist the urge to invest based on hype alone. Always do your due diligence before investing in a new token.
Remember, investing in cryptocurrencies involves risk, and it's possible to lose your entire investment. Always do thorough research and consider seeking advice from financial professionals before making investment decisions.
